Sensex closes at 84,997, Nifty hits 26,054: What's driving markets

Business Oct 29, 2025

Markets just set new records today—Sensex closed at 84,997 and Nifty hit 26,054.
The surge was powered by strong gains in banking, metals, and oil & gas sectors.

Who were the biggest gainers?

If you're following the money moves, here's the scoop: financial giants like M&M Financial Services and SBI Life helped push things up.
Metal players SAIL and Tata Steel also did well thanks to firm commodity prices and supply constraints.
Varun Beverages popped over 9% after a solid quarter and a new deal with Carlsberg.

Why did it happen?

Over half of all traded stocks moved up—so it wasn't just a few winners.
Falling oil prices, positive vibes from India-US trade talks, and hopes around US Fed decisions kept investors upbeat across sectors.